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off today with gains across the board. dan greenhouse, chief global strategist joins us. i know you're a fan of history. is the santa claus rally a real thing or just an urban legend? >> it's a real thing. >> buy stocks now and sell them new year's eve. >> lots of sayings on wall street tend to be not accurate. the concept of santa claus rally is one of the few that are true. modest outperformance from christmas to january 1st, january 2nd. stock traders almanac would define it first two days of the year as well. you see this year after year. the question for investors this year is whether or not the fiscal cliff gets in the way. in the context of what's happening with black friday, it's a really interest question. think the answer is yes. it does get in the way. >> we never had a fiscal cliff before. >> we're talking about black friday. black friday isn't the holiday shopping season. dana was on cnbc all morning. i'm sure she would agree. most shopping occurring as you get closer to christmas and then maybe saturday or sunday before is the peak. >> no one will make up to the perils
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